Analysis of Exelon-Pepco Merger in Delaware
Synapse provided expert technical consulting services to the Delaware Department of Natural Resources and Environmental Control (DNREC) related to Exelon Corporation’s proposed acquisition of Pepco Holdings Incorporated. Specifically, Synapse reviewed the value of the benefits and commitments of the merger and concerns regarding concentration of ownership, market power, and market manipulation in the wholesale electricity market. Synapse submitted testimony in the legal proceeding on behalf of DNREC. Synapse performed similar analysis related to the merger on behalf of clients in Maryland, New Jersey, and the District of Columbia.